Avis Budget Group Inc. (OQ:CAR)

Business Focus: Passenger Car rental

Feb 19, 2020 04:00 pm ET
Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas
Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020. Fourth Quarter 2019...
Feb 10, 2020 08:30 am ET
Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors
Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee,...
Jan 29, 2020 09:00 am ET
Avis Budget Group Named One of Canada’s Best Employers
Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020 ranking highlights 300 companies with operations in Canada. Avis Budget Group was ranked fourth...
Jan 28, 2020 08:30 am ET
Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders
Avis Budget Group, Inc. (NASDAQ: CAR) today announced that a committee (the “Committee”) of its Board of Directors that was formed to manage the Board’s engagement with SRS Investment Management (“SRS”) has unanimously approved the adoption of a...
Jan 23, 2020 03:00 pm ET
Avis Budget Group to Announce Fourth Quarter 2019 Results on February 19th
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2019 results after the market close on Wednesday, February 19th, 2020, and to host a conference call for institutional investors to discuss these...
Dec 30, 2019 08:00 am ET
Avis Budget Group Provides Leadership Update
Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, President, Americas, as Interim Chief Executive Officer, effective January 1, 2020. Mr. Ferraro’s appointment reflects the previously...
Dec 16, 2019 09:00 am ET
Avis Budget Group Surpasses 200,000 Connected Vehicle Mark
Avis Budget Group announced today that it has surpassed the 200,000 connected car threshold globally, a significant marker on its journey to fully connecting its fleet of more than 600,000 vehicles. To date, the company has seen numerous benefits,...
Dec 10, 2019 09:00 am ET
Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant 
Avis Budget Group, in partnership with Verizon and Edison Interactive, today announced the launch of a new all-in-one digital travel assistant exclusively available to Avis, Budget, and Payless Car Rental customers. Business and leisure travelers...
Nov 20, 2019 02:09 pm ET
Avis Named #1 Rental Car Travel App by J.D. Power
Avis Car Rental was named the 2019 top rental car travel app by J.D. Power. The Avis mobile app ranked the highest in customer satisfaction, receiving the highest score out of all rental car travel apps in the J.D. Power 2019 U.S. Travel App...
Nov 15, 2019 09:00 am ET
Avis Budget Group Recognized for Support of Women in the Workplace at Inaugural WINiT Awards Gala
Avis Budget Group has been honored as the winner of The Creating a Company Culture for Women to Advance and Succeed Award at the inaugural WINiT Awards presented by the Global Business Travel Association (GBTA). Avis Budget Group’s own Senior Vice...
Nov 14, 2019 04:42 pm ET
Avis Budget Group Announces Role as Founding Partner of Urban Movement Labs, Driving Transportation Innovation in Los Angeles
Avis Budget Group announces today it is one of the founding partners behind Urban Movement Labs, a first-of-its-kind public-private partnership to accelerate transportation innovation launched by Los Angeles Mayor Eric Garcetti. This unprecedented...
Oct 31, 2019 04:30 pm ET
Avis Budget Group Reports Third Quarter 2019 Results
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2019. Third Quarter 2019 over Third Quarter 2018 Highlights: Revenues of $2.8 billion were comparable to prior year, up 1% excluding...
Oct 28, 2019 11:57 am ET
Avis Budget Group Renews Exclusive AARP Relationship
Avis Budget Group today announced the renewal of a multi-year agreement to extend its relationship as the exclusive car rental provider for AARP members. Avis Budget Group will continue to provide AARP members with discounted rates and special...
Oct 07, 2019 02:15 pm ET
Avis Budget Group to Announce Third Quarter 2019 Results on October 31st
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2019 results after the market close on Thursday, October 31st, 2019, and to host a conference call for institutional investors to discuss these results...
Sep 25, 2019 09:06 am ET
Zipcar Calls Student Organizations Nationwide to Enter Students with Drive Competition
Across the country, college and university student organizations make an impact by distributing healthcare supplies overseas, protecting the environment, tutoring and mentoring students, or hosting dance-offs to fundraise for a cause. These are...
Sep 23, 2019 01:34 pm ET
Avis Launches Annual “Free Days” Promotion, Rewards Drivers for Loyalty
Avis has announced the launch of “Free Days”, a promotion that allows customers to earn a free rental day each time they complete two qualifying rentals. Formally known as “Drive Free,” the promotion runs through February 29, 2020 and is open to...
Sep 17, 2019 09:07 am ET
The state of car ownership: generations across America believe sharing a vehicle provides greater value than owning one, according to new Zipcar survey
Most Americans need a car to travel virtually everywhere, but in today’s sharing economy where consumers increasingly pay for access – for movies, music and clothing – the need to own a car may be a thing of the past. A new study commissioned by...
Aug 05, 2019 06:11 pm ET
Avis Budget Group Reports Second Quarter 2019 Results
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2019. Second Quarter Highlights: Record second quarter revenues of $2.3 billion, including the negative impact of $46 million, or 2%, from currency...
Jul 31, 2019 09:00 am ET
Avis Budget Group Partners with Otonomo to Unlock the Potential of Its Connected Car Data
Avis Budget Group (NASDAQ: CAR) today announced a partnership with Otonomo, the leading automotive data services platform, to unlock new avenues for value creation from the data generated by its connected fleet. The fleet will cover an estimated 4...
Jul 18, 2019 04:54 pm ET
Avis Budget Group to Announce Second Quarter 2019 Results on August 5th
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2019 results after the market close on Monday, August 5th, 2019, and to host a conference call for institutional investors to discuss these results and...
Jul 12, 2019 09:31 am ET
Thinking about trading options or stock in Citigroup, Avis Budget, Kohl's, Nielsen, or NVIDIA?
NEW YORK, July 12, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for C, CAR, KSS, NLSN, and NVDA....
Jul 10, 2019 09:31 am ET
Avis Budget Group Announces 2019 Licensees of the Year for Latin America and the Caribbean
Avis Budget Group, Inc. (NASDAQ:CAR) today announced the selection of its Avis and Budget Licensees of the Year for Latin America and the Caribbean. This year’s recipients for the region are Avis Chile and Budget Costa Rica. Each honoree accepted...
Jul 03, 2019 10:01 am ET
Avis Budget Group Announces Closing of $400 Million Senior Notes Offering
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., have completed an offering of $400 million aggregate principal amount of 5.75% Senior Notes due...
Jun 19, 2019 08:56 am ET
Avis Budget Group Announces Intention to Offer $400 Million of Senior Notes
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $400 million aggregate principal...
Jun 03, 2019 09:00 am ET
Avis Car Rental Enhances Mobile App Experience with New Split Payment Feature
Avis Car Rental is the first car rental company to introduce split payment functionality to its mobile app experience. Split My Bill, a new payment feature within the Avis mobile app, provides travelers with the ability to split car rental payments...
May 28, 2019 08:00 am ET
Avis Budget Group Announces CEO Succession
Avis Budget Group, Inc. (NASDAQ: CAR) today announced the planned departure of President and Chief Executive Officer Larry De Shon after a 13-year career with the Company. Mr. De Shon will remain in his current positions until his successor has...
May 17, 2019 10:59 am ET
Zipcar Now Offers Free Passes to State and Provincial Parks
Today, Zipcar is announcing the official launch of its free park pass program just in time for the busy Memorial Day and Victoria Day travel weekends. The free passes enable Zipcar members to visit and park at select U.S. and Canada parks for free,...
May 01, 2019 04:31 pm ET
Avis Budget Group Reports First Quarter 2019 Results
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2019. First Quarter Highlights: Revenues were $1.9 billion, down 2% due to the impact of currency exchange rate movementsNet loss was $91 million...
Apr 15, 2019 07:45 am ET
Report: Developing Opportunities within Navient, Avis Budget Group, ViewRay, Apollo Commercial Real Estate Finance, West Pharmaceutical Services, and Myomo — Future Expectations, Projections Moving in
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Navient Corporation (NASDAQ:NAVI), Avis Budget Group, Inc....
Apr 11, 2019 08:00 am ET
Avis Budget Group to Announce First Quarter 2019 Results on May 1
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2019 results after the market close on Wednesday, May 1, 2019, and to host a conference call for institutional investors to discuss these results and...
Apr 05, 2019 10:00 am ET
Avis and Budget Car Rental Extend Services to New Paine Field Airport in Greater Seattle
Avis Budget Group, Inc. (NASDAQ: CAR) today announced car rental services available to Paine Field Airport that recently opened its doors in Everett, Washington. A courtesy shuttle will meet all incoming flights and transport passengers to the...
Mar 26, 2019 09:00 am ET
Avis Partners With Arrive to Provide Customers Enhanced Mobility Services
Avis and Arrive just made finding parking a snap for users of the Avis app. Available now, Avis app users can find, instantly book and pre-pay for parking, saving drivers time, effort and money. It’s the perfect complement to the existing features...
Mar 21, 2019 11:04 am ET
Avis Dominates Its Category For Customer Loyalty For 20th Consecutive Year
Avis has once again achieved top car rental company status in the Brand Keys Customer Loyalty Engagement Index.®  The 2019 study examined brands in 90 categories to identify the drivers that engage customers, stimulate loyalty and advance real...
Feb 22, 2019 07:50 am ET
New Research Coverage Highlights Avis Budget Group, Genesis Energy, Columbia Property Trust, Westlake Chemical, Tabula Rasa Healthcare, and ACM Research — Consolidated Revenues, Company Growth, and Ex
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Avis Budget Group, Inc. (NASDAQ:CAR), Genesis Energy, L.P. (NYSE:GEL),...
Feb 20, 2019 04:20 pm ET
Avis Budget Group Delivers Ninth Consecutive Year of Revenue Growth
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its fourth quarter and full year ended December 31, 2018. Revenues grew 2% to $2.1 billion in the fourth quarter and 3% for the full year to $9.1 billionAmericas per-unit fleet costs...
Feb 19, 2019 10:00 am ET
Avis Budget Group Announces First-to-Market Business Intelligence Solution for Corporate Travel
Avis Budget Group, Inc. (NASDAQ: CAR) today announced Business Intelligence (BI), an online portal complete with rental summary dashboards, rich visualizations and detailed reports that provides corporate travel managers with insight into their...
Feb 19, 2019 08:00 am ET
Avis Budget Group Announces Appointment of Chief Financial Officer
Avis Budget Group, Inc. (NASDAQ: CAR) today announced that, effective March 18, 2019, John F. North III will join the Company as Chief Financial Officer. Mr. North will oversee all financial aspects of the Company, including financial planning and...
Feb 07, 2019 10:00 am ET
Budget Truck Rental and Fetch Partner on Integrated Fleet Services and Self-Serve, On-Demand Vehicles
Budget Truck Rental today announced a new partnership with Fetch, the self-service truck startup, which makes Budget trucks available for rent through Fetch’s mobile marketplace. Fetch users can rent Budget box trucks, cargo vans and pickup trucks...
Feb 04, 2019 02:30 pm ET
Avis Selected as Exclusive Partner For AMResorts
Avis today announced that it has been named the exclusive mobility partner for AMResorts and its collection of more than 50 luxury resort destinations across its seven brands. As part of the preferred partnership, Avis will promote its products,...
Jan 30, 2019 07:50 am ET
Investor Expectations to Drive Momentum within Stanley Black & Decker, Tempur Sealy International, Avis Budget Group, Penske Automotive Group, E.W. Scripps, and Daktronics — Discovering Underlying Fac
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Stanley Black & Decker, Inc. (NYSE:SWK), Tempur Sealy International,...
Jan 28, 2019 11:00 am ET
Zipcar and Honda Expand Strategic Partnership for Mobility Solutions
Zipcar, the world’s leading car-sharing network, and Honda today announced an expansion of their strategic mobility partnership. The agreement will add hundreds of new Honda vehicles to Zipcar’s diverse fleet, while focusing on supporting Zipcar’s...
Jan 16, 2019 02:00 pm ET
Avis Budget Group to Announce Fourth Quarter 2018 Results on February 20
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2018 results after the market close on Wednesday, February 20, 2019, and to host a conference call for institutional investors to discuss these results...
Jan 15, 2019 09:00 am ET
First-Ever Zipcar Impact Report Shows Car Sharing’s Significant Social and Environmental Benefits, and Its Essential Role in Creating Better Cities
Zipcar, the world’s leading car-sharing network and a company that helped define the sharing economy, today released the findings of its 2018 Impact Report during the Transportation Research Board Annual Meeting in Washington, D.C. The report –...
Jan 07, 2019 02:15 pm ET
Avis Budget Group and Continental Expand Collaboration to Offer Connected, On-Demand, Keyless Experience
Avis Budget Group, Inc. (NASDAQ: CAR) and Continental today announced that they have expanded their partnership. Under the enhanced collaboration, Avis Budget Group will boost its fleet of connected cars in the United States and Europe by equipping...
Dec 17, 2018 10:00 am ET
Avis Budget Group Boosts Fleet of Connected Cars With 75,000 In-Vehicle Telematics Units From I.D. Systems
Avis Budget Group, Inc. (NASDAQ: CAR) will connect an additional 75,000 vehicles to its cloud-based, next generation platform through the installation of in-vehicle telematics devices provided by I.D. Systems, Inc. (NASDAQ: IDSY). The new agreement...
Nov 19, 2018 02:12 pm ET
Zipcar Survey Reveals Gossip, Romance and Pranks Help Pass Time in Holiday Traffic
‘Tis the Season... for holiday traffic! As millions of Americans hit the road and traffic increases between now and the new year, Zipcar, the world’s leading car-sharing network, conducted its annual survey to determine how travelers pass time in...
Nov 08, 2018 08:40 am ET
Report: Exploring Fundamental Drivers Behind Haverty Furniture Companies, BGC Partners, International Paper, Chatham Lodging Trust (REIT), Avis Budget Group, and Changyou — New Horizons, Emerging Tren
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Haverty Furniture Companies, Inc. (NYSE:HVT), BGC Partners, Inc....
Nov 05, 2018 04:15 pm ET
Avis Budget Group Reports Third Quarter 2018 Results
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2018. Revenues grew to a record $2.8 billion in the third quarter on both higher volume and increased underlying pricing in the AmericasAmericas...
Nov 01, 2018 10:00 am ET
Zipcar Plans for Increased Reservations on Election Night; Offers Members Extra Credit
Zipcar, the world’s leading car-sharing network, today announced preparations for increased reservations for next week’s midterm elections, including member incentives for those who reserve on election night. As part of its ongoing #DRIVEtheVOTE...
Nov 01, 2018 09:00 am ET
Cars & The Cloud: Avis Budget Group Leveraging Amazon Web Services For Global Connected Car Data Analysis
Avis Budget Group, Inc. (NASDAQ: CAR) today announced its plan to leverage Amazon Web Services’s (AWS) Connected Vehicle Solution to build its cutting edge data analytics platform. Working with AWS provides highly secure and scalable cloud services...
Oct 29, 2018 02:00 pm ET
Avis Budget Group Chief Innovation Officer to Present at Barclays 2018 Global Automotive Conference on November 15, 2018
Avis Budget Group, Inc. (NASDAQ: CAR) today announced that Arthur Orduna, Executive Vice President and Chief Innovation Officer, will present at the upcoming Barclays 2018 Global Automotive Conference on November 15, 2018 at 10:30 a.m. Eastern...
Oct 23, 2018 09:00 am ET
Avis Budget Group and Ford Team Up to Connect Cars, Enhance Car Rental Experience
To make renting vehicles even easier for customers and to improve efficiency, Avis Budget Group, Inc. (NASDAQ: CAR) today announces an agreement with Ford Commercial Solutions to connect more than 35,000 Ford Motor Company vehicles in Avis Budget...
Oct 16, 2018 09:31 am ET
Option-trading opportunities on American Airlines, Avis, New Age Beverages Co, Petrobras, and Tilray
NEW YORK, Oct. 16, 2018 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAL, CAR, NBEV, PBR, and TLRY....
Oct 16, 2018 09:15 am ET
Consolidated Research: 2018 Summary Expectations for Freightcar America, Star Bulk Carriers, Avis Budget Group, Adamas Pharmaceuticals, Model N, and Amphastar Pharmaceuticals — Fundamental Analysis, K
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Freightcar America, Inc. (NASDAQ:RAIL), Star Bulk Carriers Corp....
Oct 11, 2018 10:00 am ET
Avis Offers Customers a Chance to “Drive Free”
Avis today announced “Drive Free,” a promotion that lets customers earn a rental day reward after every two rentals. Drive Free runs through February 28, 2019 and is open to members of Avis Preferred, the Company’s express rental program. To...
Oct 10, 2018 03:00 pm ET
Avis Budget Group to Announce Third Quarter 2018 Results on November 5
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2018 results after the market close on Monday, November 5, 2018, and to host a conference call for institutional investors to discuss these results and...
Oct 04, 2018 02:02 pm ET
Avis Budget Group Announces Closing of €350 Million Senior Notes Offering
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc, has completed an offering of €350 million aggregate principal amount of 4.750% Senior Notes due 2026 in a private offering. Avis...
Oct 04, 2018 09:00 am ET
Avis Budget Group Partners With Brightline to Support Multi-Modal Transportation
Avis Budget Group, Inc. (NASDAQ: CAR) today announced a mobility partnership with Brightline, the nation’s only privately owned, operated and maintained passenger rail service in the United States. Under the agreement, Avis Budget Group will expand...
Oct 01, 2018 08:00 am ET
Gen Z and Millennials Say There’s So Much More to College Than Life on Campus, According to New Zipcar Study
According to a new survey by Zipcar, the world’s leading car-sharing network, in conjunction with OnePoll, four times as many recent grads and college students prefer to spend time off campus with friends and family (40%) than binge watch TV and...
Sep 25, 2018 09:26 am ET
Avis Budget Group Announces Intention to Offer €350 Million of Senior Notes
Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc, intends, subject to market and other customary conditions, to offer €350 million aggregate principal amount of senior notes due 2026...
Sep 17, 2018 10:00 am ET
Avis Extends Partnership With Maple Leaf Sports & Entertainment
Avis today announced that it has renewed its multi-year agreement with Maple Leaf Sports Entertainment (MLSE) to continue its designation as the official vehicle rental partner of the Toronto Maple Leafs and Toronto FC. Under the agreement, the...
Sep 12, 2018 09:00 am ET
Avis Launches Curbside Delivery, Saving Travelers Valuable Time
Imagine a rental car packed to the brim with family luggage, sports gear or equipment for work. Now imagine not having to lug all this gear from the rental lot by foot or bus transfer to the airport terminal. Enter Avis Curbside Delivery. Avis...
Sep 05, 2018 09:00 am ET
Avis Budget Group Joins the Internet of Things Consortium
Avis Budget Group (NASDAQ:CAR) today announced it has become a member of The Internet of Things Consortium (IoTC). The company has joined the consortium given the critical role that IoT technologies are playing in Avis Budget Group’s strategy to...
Aug 17, 2018 08:25 am ET
Analysis: Positioning to Benefit within Avis Budget Group, MYR Group, AAON, Computer Programs and, Century Aluminum, and Eagle — Research Highlights Growth, Revenue, and Consolidated Results
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Avis Budget Group, Inc. (NASDAQ:CAR), MYR Group, Inc. (NASDAQ:MYRG), AAON,...
Aug 13, 2018 09:00 am ET
Avis Budget Group Fleet Expands to 100,000 Connected Cars, Benefitting Customers, Cities and the Company Bottom Line
Avis Budget Group (NASDAQ: CAR) today announced it has surpassed the 100,000 connected car threshold globally, a milestone that promises to  further improve the traveler experience, increase operational efficiencies for the Company, and benefit...
Aug 07, 2018 04:15 pm ET
Avis Budget Group Reports Strong Second Quarter 2018 Results
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2018. Revenue grew 4% to a record $2.3 billion in the second quarterSignificant improvements in per-unit fleet costs and utilizationNet Income...
Aug 06, 2018 09:00 am ET
Avis Budget Group Partners With Lyft to Provide Drivers With On-Demand Access to Avis Vehicles
Avis Budget Group, Inc. (NASDAQ: CAR) today announced a multi-year deal with Lyft, the fastest growing ride hailing company, in which Avis will add thousands of vehicles to the Lyft Express Drive program in cities across North America. The...
Jul 30, 2018 08:00 am ET
Avis Teams Up with Luxury Retreats to Offer a New Standard in Travel
Avis Car Rental today announced a deal with Luxury Retreats, acquired by Airbnb in February 2017, to be the official mobility partner of the full service villa rental company, which offers custom-designed trips of a lifetime, including the world’s...
Jul 19, 2018 09:00 am ET
Avis Budget Group Introduces New Benefits for Amazon Customers
Avis Budget Group, Inc. (NASDAQ:CAR) today introduced plans to reward Amazon customers with special perks when they rent a car through Avis. Beginning today, Amazon customers who book an Avis vehicle can save money on their rental and receive an...
Jul 11, 2018 11:30 am ET
Avis Budget Group to Announce Second Quarter 2018 Results on August 7
Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2018 results after the market close on Tuesday, August 7, 2018, and to host a conference call for institutional investors to discuss these results and...
Jul 02, 2018 11:30 am ET
Avis Budget Group Names Licensees of the Year for Latin America/the Caribbean
Avis Budget Group, Inc. (NASDAQ:CAR) has selected its Avis and Budget Licensees of the Year for Latin America/the Caribbean. This year’s recipients for the region are Avis Peru and Budget Mexico. Each honoree accepted the accolade at a celebratory...
Jun 04, 2018 09:00 am ET
Zipcar Summer Travel Survey Reveals Top 10 U.S. Iconic Sights and Foods Most Americans Have Yet to See and Savor
As the summer travel season kicks off, Zipcar, the world’s leading car-sharing network, in conjunction with OnePoll, reveals the findings of its summer travel survey. The analysis of 2,000 Americans shows that from coast to coast and in-between,...
May 31, 2018 11:30 am ET
Zipcar and the City of New York Announce Two Major Initiatives to Reduce Personal Car Ownership and Increase Access to Car Sharing
Zipcar, the world’s leading car-sharing network, and the City of New York, today announced two major initiatives that will soon make car sharing available in more neighborhoods and to more individuals throughout the city while reducing the need for...
May 30, 2018 10:11 am ET
Avis Budget Group to Present at Baird Global Consumer, Technology & Services Conference on June 5
Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of mobility solutions, today announced that Larry De Shon, President and Chief Executive Officer, will present at the Baird Global Consumer, Technology Services conference on...
May 30, 2018 08:25 am ET
Research Report Identifies Stericycle, Northern Oil and Gas, Eagle, PDF Solutions, Sun Hydraulics, and Avis Budget Group with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Stericycle, Inc. (NASDAQ:SRCL), Northern Oil and Gas, Inc. (NYSE:NOG),...
May 30, 2018 08:00 am ET
Avis Extends Partnership With Universal Parks & Resorts to Include Onsite Presence at Loews Hotels
Avis, the Official Car Rental Partner of Universal Parks Resorts, today announced the grand opening of five facilities located at Universal/Loews Hotels Resorts properties in Orlando. Located at Loews Portofino Bay Hotel, Loews Royal Pacific...
May 09, 2018 02:00 pm ET
Avis Opens Car Sales Locations, Offering Previously-Owned Vehicles at Competitive Prices
Avis today announced the opening of several car sales locations across Florida, Texas, and Massachusetts through its Avis Car Sales program. The large selection of newer, low-mileage vehicles which are competitively priced, are perfect for savvy...
May 02, 2018 04:15 pm ET
Avis Budget Group Reports Strong First Quarter 2018 Results
Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its first quarter ended March 31, 2018. Revenue grew 7% to a record $2.0 billion in the first quarterNet loss improved by $20 millionAdjusted EBITDA improved by $29 millionCompany...
Apr 30, 2018 06:00 am ET
Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership
PARSIPPANY, N.J., April 30, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the addition of 6,000 Peugeot, Citroën and DS vehicles to its connected car rental fleet in Europe, with an additional 5,000 cars expected...
Apr 18, 2018 09:00 am ET
Avis Returns to Japan With Presence at Gateway Airports
PARSIPPANY, N.J., April 18, 2018 (GLOBE NEWSWIRE) -- Avis Car Rental, the leading international car rental brand in Asia, today announced its return to the Japanese market with the opening of its flagship location at Chitose International Airport...
Apr 17, 2018 09:00 am ET
Avis Budget Group to Announce First Quarter 2018 Results on May 2
Conference Call to Discuss Results Scheduled for May 3, 2018
Apr 16, 2018 08:30 am ET
Apr 13, 2018 11:30 am ET
Avis Budget Group Selected One of Canada’s Best Employers
PARSIPPANY, N.J., April 13, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) has been named to Forbes’ List of Canada’s Best Employers. Compiled in collaboration with online research firm Statista, the 2018 ranking highlights 300 companies with...
Apr 06, 2018 07:35 am ET
Detailed Research: Economic Perspectives on Avis Budget Group, Hershey, PDC Energy, Qualys, Snap-On, and Cenovus Energy — What Drives Growth in Today's Competitive Landscape
NEW YORK, April 06, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Avis Budget Group, Inc. (NASDAQ:CAR), Hershey...
Mar 26, 2018 02:00 pm ET
Avis Budget Group Garners Supplier Diversity Accolades
PARSIPPANY, N.J., March 26, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) has been recognized for its continued efforts in promoting opportunities for disadvantaged, minority and women-owned businesses.
Mar 21, 2018 04:16 pm ET
Avis Budget Group Files Preliminary Proxy Materials
Slate for Annual Meeting to Include Two New Exemplary Independent Nominees with Technology Expertise 
Mar 20, 2018 10:00 am ET
Avis Continues to Lead its Category for Customer Loyalty
PARSIPPANY, N.J., March 20, 2018 (GLOBE NEWSWIRE) -- For the 19th consecutive year, Avis Car Rental has been ranked the #1 car rental company in the Brand Keys Customer Loyalty Engagement Index®. The 2018 study examined brands in...
Mar 14, 2018 06:00 am ET
Budget Car Rental Expands Global Footprint With Launch of Operations in Taiwan
PARSIPPANY, N.J., March 14, 2018 (GLOBE NEWSWIRE) -- Budget Car Rental today announced that it has launched operations in Taiwan. Located at Taoyuan International Airport, Taichung International Airport, Kaohsiung International Airport and Taipei’s Main Station, the new facilities...
Mar 12, 2018 09:00 am ET
Avis Budget Group Moves Closer to a Fully Connected Fleet with New Toyota Partnership
PARSIPPANY, N.J., March 12, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced a multi-year deal that will add 10,000 Toyota vehicles to Avis Car Rental’s expanding fleet of connected vehicles. The services provided through Toyota’s...
Feb 22, 2018 06:40 am ET
Avis Budget Group, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 22, 2018 / Avis Budget Group, Inc. (NASDAQ: CAR) will be discussing their earnings results in their Q4 Earnings Call to be held on February 22, 2018 at 8:30 AM Eastern Time.
Feb 21, 2018 04:15 pm ET
Avis Budget Group Reports Fourth Quarter and Full-Year 2017 Results
PARSIPPANY, N.J., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its fourth quarter and year ended December 31, 2017.
Feb 15, 2018 08:07 pm ET
Avis Budget Group Comments on SRS Investment Management’s Nomination of Directors
PARSIPPANY, N.J., Feb. 15, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today confirmed it has received notice from SRS Investment Management (“SRS”), which currently has two representatives on the Avis Budget Group Board of Directors, of...
Feb 15, 2018 04:35 pm ET
SRS Investment Management Nominates Five Highly Qualified Directors to Avis Board
NEW YORK, Feb. 15, 2018 /PRNewswire/ -- SRS Investment Management, LLC ("SRS"), which owns a 31% economic interest and has been the largest stockholder of Avis Budget Group, Inc. (the "Company" or "Avis") (NASDAQ: CAR) for the past seven years, today announced that it has nominated five highly-qualified and motivated individuals for election as directors to the Avis Board at the Company's upcoming annual meeting.  ...
Feb 14, 2018 09:16 am ET
Avis Budget Group Announces Amendment and Extension of Its Senior Credit Agreement
PARSIPPANY, N.J., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it has extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. Also, the...
Feb 13, 2018 08:20 am ET
Investor Expectations to Drive Momentum within Franklin Resources, Avis Budget Group, NutriSystem, Red Robin Gourmet Burgers, Group 1 Automotive, and ITT — Discovering Underlying Factors of Influence
NEW YORK, Feb. 13, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Franklin Resources, Inc. (NYSE:BEN), Avis Budget...
Jan 16, 2018 08:00 am ET
Avis Budget Group Announces Estimated Full-Year 2017 Results
Company to Announce Fourth Quarter and Full-Year 2017 Results on February 21 and Host a Call with Investors on February 22
Jan 15, 2018 08:31 am ET
Thinking about buying stock in Bank of America, Avis, Intel, Rite Aid or AT&T?
CHICAGO, Jan. 15, 2018 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, CAR, INTC, RAD, and T....
Jan 15, 2018 08:00 am ET
Dec 19, 2017 11:00 am ET
Avis Budget Group Named Exclusive Car Rental Partner for Hawaiian Airlines
PARSIPPANY, N.J., Dec. 19, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it is now the exclusive car rental partner of Hawaiian Airlines (NASDAQ:HA), Hawaii’s largest and longest-serving airline. Under the multi-year agreement, Avis...
Dec 18, 2017 11:00 am ET
Avis and Budget Offer Vehicles With Winter Tires in Canada
TORONTO, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group today announced that Avis Car Rental and Budget Car Rental are offering customers across Canada vehicles equipped with winter tires.  These vehicles are available in Quebec, as required...
Dec 12, 2017 09:00 am ET
Avis Budget Group and Continental Partnership Drives Mobility Forward
Avis debuts new telematics solution that makes rental experience entirely keyless
Dec 12, 2017 08:00 am ET
AVIS BUDGET GROUP and Continental partnership drives mobility forward
PARSIPPANY, N.J. and SAN JOSE, Calif., Dec. 12, 2017 /PRNewswire/ -- Avis Budget Group, Inc. (NASDAQ: CAR) and Continental have teamed up to offer travelers in the Kansas City area a chance to be the first to test the future of car rental — a completely mobile experience that features keyless entry and ignition. Under the exclusive agreement, selected vehicles in the Avis Car Rental fleet are enabled with Continental's Key-as-a-Service (KaaS) technology that empowers Avis customers to use the Avis mobile app to lock/unlock the car and start the engine....
Nov 30, 2017 09:00 am ET
Avis Budget Group Continues March Towards Future of Mobility With Launch of ‘Lab’ in Kansas City
Mobility Lab to fuel innovation for Avis Budget Group globally with implications for smart city integration
Nov 21, 2017 10:00 am ET
Avis Budget Group Signs Qualified Vendor Agreement With Choice Hotels International
PARSIPPANY, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of mobility solutions, today announced that it has been selected as a Qualified Vendor by Choice Hotels International, Inc. (NYSE:CHH), one...
Nov 08, 2017 11:00 am ET
Nov 06, 2017 04:15 pm ET
Avis Budget Group Reports Record Third Quarter 2017 Results
PARSIPPANY, N.J., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its third quarter ended September 30, 2017....
Nov 06, 2017 04:15 pm ET
Avis Budget Group Reports Record Third Quarter 2017 Results
PARSIPPANY, N.J., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its third quarter ended September 30, 2017.
Oct 30, 2017 11:30 am ET
Avis Budget Group Honored by Travel Weekly for Fifth Consecutive Year
PARSIPPANY, N.J., Oct. 30, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, a leading global provider of mobility solutions, today announced that Unlimited Rewards®, the Company’s loyalty program for travel professionals, has once again been selected as a Gold Magellan Award Winner by Travel Weekly. The Magellan Awards honor the best in the travel industry and salute the outstanding travel professionals behind it all. This marks the fifth consecutive year that the program has earned gold....
Oct 09, 2017 10:00 am ET
Avis Budget Group Announces Renewal and Expansion of Global Partnership With International Airlines Group
PARSIPPANY, N.J., Oct. 09, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of mobility solutions, and International Airlines Group (IAG), one of the world's largest airline groups carrying more than 100 million passengers each year, have renewed and expanded their global partnership....
Oct 02, 2017 03:02 pm ET
Zipcar and Ford Exceed $1M in Donations to Student Organizations through Annual "Students with Drive" Grant Program
BOSTON, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Zipcar, world’s leading car-sharing network and the largest provider of campus car-sharing programs, and Ford Motor Company, today announced that their "Students with Drive" grant program surpassed a significant milestone of $1 million donated to student organizations over the past six years. The program seeks to further the efforts of student organizations making positive impacts on campuses and communities. The grants consist of access to Zipcar vehicles at no cost, cash for specific organizational needs and scholarship money donated to the school....
Sep 18, 2017 10:51 am ET
Zipcar Extends International Footprint With Launch of Car Sharing Service in Iceland
The Icelandic launch marks the first market entry for Zipcar in the Nordic markets as the world’s largest car sharing network extends its international footprintNew service gives residents of Reykjavik on-demand access to a choice of cars when they need it without the cost and hassle of ownership REYKJAVIK, Iceland, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, today announced the launch of its car sharing service in Reykjavik, Iceland. This marks the first major city launch for the brand in the Nordic countries....
Jul 13, 2017 11:00 am ET
Avis Car Rental’s Loyalty Program Is Now More Rewarding
PARSIPPANY, N.J., July 13, 2017 (GLOBE NEWSWIRE) -- Avis Car Rental has made it faster and easier for members of Avis Preferred, the Company’s express rental/loyalty program, to redeem rewards. Now, Avis Preferred Points can be used for rental days starting at just 700 points with no blackout dates. Accessories, such as GPS units, SiriusXM® and child safety seats, are now available for only 250 points per day. Also, members will automatically earn a minimum of 100 Avis Preferred Points on every rental. Members will continue to earn one point for every dollar spent on vehicle rentals and do...
Jun 26, 2017 12:00 pm ET
Avis Budget Group Enters Into Partnership With Waymo to Support Its Self-Driving Car Program
PARSIPPANY, N.J., June 26, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it has signed an agreement with Waymo, an Alphabet Inc. company, to offer fleet support and maintenance services for Waymo’s self-driving car program at Avis Car Rental and Budget Car Rental locations....
Jun 12, 2017 02:00 pm ET
Avis Budget Group Partners with RocketSpace to Accelerate Innovation in Mobility
PARSIPPANY, N.J., June 12, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it has teamed up with RocketSpace, a leading technology campus for start-ups and corporate innovators, to identify market opportunities and fuel cross-industry innovation. Avis Budget Group joins a diverse group of global businesses across the mobility value chain, including BP, Allstate, IBM, Magna and Volkswagen, who will collaborate with start-ups on real-life product testing and go-to-market solutions. Innovation areas include automated driver assisted systems (ADAS), on-board ve...
May 12, 2017 04:40 pm ET
Avis Budget Group Announces Resignation of David Wyshner, President and CFO
PARSIPPANY, N.J., May 12, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the resignation of David B. Wyshner, President and Chief Financial Officer. Mr. Wyshner, who has served as the Company’s chief financial officer since 2006 and its president since January 2016, will leave the Company in June to pursue other opportunities.   ...
May 03, 2017 04:20 pm ET
Avis Budget Group Reports First Quarter 2017 Results
Revenue declined 2% in the first quarter, to $1.8 billion.Net loss was $107 million and Adjusted EBITDA loss was $27 million.Diluted loss per share was $1.25, and adjusted diluted loss per share was $0.94.Company updates its 2017 Adjusted EBITDA and adjusted earnings per share estimates. PARSIPPANY, N.J., May 03, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its first quarter ended March 31, 2017.  For the quarter, the Company reported revenue of $1.8 billion and a net loss of $107 million, or $1.25 per share.  The Company reported an Adjusted EB...
May 03, 2017 04:15 pm ET
Avis Budget Group Enters Into New Cooperation Agreement With SRS Investment Management
PARSIPPANY, N.J., May 03, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of vehicle rental services, today announced it has entered into a new cooperation agreement with SRS Investment Management, the Company’s largest stockholder for the last several years.  The Company also announced that, effective May 3, 2017, it is terminating the stockholder rights plan it adopted earlier this year....
May 01, 2017 10:17 am ET
Zipcar Expands to 100 More Colleges and Universities
Emoji CarHuman-Powered AdvertisingCampus ActivationsBOSTON, May 01, 2017 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car-sharing network and the largest provider of campus car-sharing programs, today announced it has expanded to 100 more universities and colleges over the past year, bringing its total campus footprint to more than 600 throughout North America. This growth stems from an increase in the number of campuses interested in offering a car-free or car-light campus lifestyle to Generation Z (Gen Z) students, who now make up the majority of the student population....
Apr 10, 2017 04:30 pm ET
Avis Budget Group Completes Transaction to Operate Budget in Poland
BRACKNELL, England, April 10, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of vehicle rental services, today announced the completion of a transaction that will allow the Company to operate the Budget brand in Poland directly and to expand its presence in the Polish market....
Apr 03, 2017 11:00 am ET
Why Golf Later When You Can “GolfNow” — Courtesy of Avis Car Rental
PARSIPPANY, N.J., April 03, 2017 (GLOBE NEWSWIRE) -- Whether you’re planning your dream vacation or just want to work in a round of golf on your next business trip, Avis has you covered. Now through June 30, 2017, Avis customers who rent a vehicle for at least two consecutive days will receive a promotional code for $25 toward a tee time through GolfNow, the leading provider of online tee times, golf course technology, and service solutions....
Mar 20, 2017 08:30 am ET
I.D. Systems Signs Exclusive Agreement with Avis Budget Group for the Deployment of Wireless Vehicle Rental Technology
I.D. Systems Receives Initial Order for 50,000 units from Avis Budget Group for Broad Deployment of its Wireless Rental Fleet Management SystemI.D. Systems’ Connected Car Technologies will Enable Avis Budget Group to Extend its Industry-Leading Avis Now Service to a Larger Portion of its FleetWOODCLIFF LAKE, N.J., March 20, 2017 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ:IDSY) and Avis Budget Group, Inc. (NASDAQ:CAR) have executed a purchase agreement for deployment of I.D. Systems’ proprietary wireless rental fleet management systems in Avis Budget’s vehicle rental fleet....
Feb 17, 2017 09:31 am ET
Options Traders: Covered-Call Reports for Avis, EnCana, MGM Resorts, Molina Healthcare and Procter & Gamble released by InvestorsObserver
CHICAGO, Feb. 17, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CAR, ECA, MGM, MOH, and PG....
Feb 15, 2017 05:23 pm ET
Avis Budget Group Reports Fourth Quarter and Full-Year 2016 Results
Revenue declined 1% in the fourth quarter, to $1.9 billion.Net loss was $31 million, and Adjusted EBITDA was $121 million in the fourth quarter.Diluted loss per share was $0.35, and adjusted diluted earnings per share were $0.15 in the fourth quarter.Full-year diluted earnings per share were $1.75, and adjusted diluted earnings per share were $2.93.Company repurchased $390 million of outstanding shares in 2016.Company announces projected 2017 revenues and adjusted earnings. PARSIPPANY, N.J., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for ...
Feb 14, 2017 10:00 am ET
Avis Car Rental Expands Innovative Mobile App Capabilities Into Australia
PARSIPPANY, N.J., Feb. 14, 2017 (GLOBE NEWSWIRE) -- Seven months after announcing enhanced mobile app features that re-engineered the entire car rental process, Avis Car Rental is expanding the mobile app’s innovative offerings to new markets. Now, travelers renting cars at airports across Australia can use their smartphones to experience complete and unprecedented control when renting a vehicle....
Jan 26, 2017 10:00 am ET
Avis Budget Group to Announce Fourth Quarter and Full-Year 2016 Results on February 15
PARSIPPANY, N.J., Jan. 26, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its fourth quarter and full-year 2016 results after the market close on Wednesday, February 15, 2017, and to host a conference call to discuss such results and its outlook on Thursday, February 16, 2017 at 8:30 a.m. Eastern time....
Jan 25, 2017 11:00 am ET
Avis Budget Group Expands Loyalty Program for Travel Professionals
PARSIPPANY, N.J., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group today announced the expansion of Unlimited Rewards®, the Company’s loyalty program for travel professionals, to enable agents to earn valuable rewards on Avis business and leisure car rental transactions in Europe. Until now, travel professionals earned rewards for Avis car rental transactions in North America, Latin America, the Caribbean, Australia and New Zealand....
Dec 21, 2016 02:00 pm ET
Avis Car Rental Voted Best Car Rental Company By Travel Agents
PARSIPPANY, N.J., Dec. 21, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental has been named 2016’s “Best Car Rental Company” by readers of Recommend, the magazine dedicated to helping travel agents sell travel by providing them with in-depth destination and product information. The 20th Annual Recommend Readers’ Choice Awards celebrate the industry’s best destinations, suppliers and more in 72 categories. The recognition is bestowed on those who are committed to excellence and have advanced the interest of the industry....
Dec 05, 2016 03:00 pm ET
Avis Budget Group Named to Military Friendly® Employers List
PARSIPPANY, N.J., Dec. 05, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it has earned the 2017 Military Friendly® Employer designation from Victory Media, publisher of G.I. Jobs and Military Spouse....
Nov 16, 2016 09:04 am ET
First-Ever Zipcar Urbanite Study Finds that “Generation City” Will Shape the Future of Technology and Transportation
BOSTON, Nov. 16, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car-sharing network, today released the findings of its first-ever Zipcar Urbanite Study of city dwellers nationwide. More than 1,200 members of “Generation City,” comprised of urbanites of all ages, were asked about their attitudes and behaviors regarding work and money, lifestyle and technology, transportation, and urban citizenship....
Nov 10, 2016 02:00 pm ET
Avis Budget Group Extends Relationship With AARP
PARSIPPANY, N.J., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group today announced that it has signed a new multi-year agreement designating it as the exclusive car rental provider for AARP members. Under the new agreement, Avis Budget Group will continue to provide AARP members with discounted rates and special offers on vehicle rentals with Avis Car Rental, Budget Car Rental, Budget Truck Rental and Payless Car Rental. In addition, AARP members can also continue to save on annual membership fees with Zipcar, the world’s leading membership-based car sharing network....
Nov 02, 2016 04:15 pm ET
Avis Budget Group Reports Third Quarter Results
Revenue increased 3% in the third quarter to $2.7 billion.Net income was $209 million, and Adjusted EBITDA was $469 million.Diluted earnings per share were $2.28, and adjusted diluted earnings per share were $2.47.Company estimates that its 2016 Adjusted EBITDA and adjusted earnings per share will be at approximately the lower end of its prior projection. PARSIPPANY, N.J., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its third quarter ended September 30, 2016.  For the quarter, the Company reported revenue of $2.7 billion, a Company rec...
Oct 31, 2016 11:00 am ET
Avis Car Rental Thanks Loyal Customers With Limited-Time Promotion
PARSIPPANY, N.J., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental has launched a promotion for members of Avis Preferred, the Company’s express rental/loyalty program. Now through December 31, 2016, Avis Preferred members will earn a minimum of 100 Avis Preferred Points on every rental. That means, even if members spend less than $100, their rental earns them 100 points....
Oct 24, 2016 10:30 am ET
Avis Budget Group to Host Investor Day on November 15 in New York
PARSIPPANY, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, announced today that it plans to hold an Investor Day meeting on Tuesday, November 15, 2016 at 8:30 a.m. in New York City.  The day will include presentations by members of the Company’s senior leadership team, a question-and-answer period, and the opportunity to interact with management.  Advanced registration is required to attend the event.  To register, please visit ir.avisbudgetgroup.com....
Oct 19, 2016 10:30 am ET
Take a Winning Drive With New Avis Car Rental Golf Promotion
PARSIPPANY, N.J., Oct. 19, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental, the “Official Rental Car Company” of the PGA TOUR, today announced a new promotion for golfers and enthusiasts of the sport. Now through December 10, customers who rent for two consecutive days or longer can save up to 25 percent on their rental and receive two single day tickets to a qualifying PGA TOUR tournament during the 2016-2017 season. ...
Oct 18, 2016 09:00 am ET
Avis Budget Group to Announce Third Quarter 2016 Results on November 2
PARSIPPANY, N.J., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2016 results after the market close on Wednesday, November 2, 2016, and to host a conference call to discuss such results on Thursday, November 3, 2016 at 8:30 a.m. Eastern time....
Oct 17, 2016 11:00 am ET
Revolutionary Avis App Tallies More Than 250,000 Users Within Three Months of Launch
PARSIPPANY, N.J., Oct. 17, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that its mobile app, which puts unprecedented control of the car rental experience in customers’ hands through its Avis Now features, has gained more than 250,000 users since it rolled out in July, and has logged more than 100,000 rental transactions. This new hassle-free, personalized car rental process, which users can control from a smartphone or tablet, is now available at nearly 60 locations across the United States, with plans for expansion to select international markets in the coming months....
Oct 10, 2016 11:00 am ET
New Avis Car Rental Advertising Campaign Moves Travelers Forward
PARSIPPANY, N.J., Oct. 10, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental today launched a new advertising campaign which highlights the Company’s transformational mobile app in vignettes that show off its innovative features....
Oct 05, 2016 02:30 pm ET
Avis Budget Group Honored by Travel Weekly for Fourth Consecutive Year
PARSIPPANY, N.J., Oct. 05, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group today announced that Unlimited Rewards®, the Company’s loyalty program for travel professionals, has been selected as a Gold Magellan Award Winner by Travel Weekly. The Magellan Awards honor the best in the travel industry and salute the outstanding travel professionals behind it all. Winners are chosen by a panel of travel experts. This marks the fourth consecutive year that the program has earned gold....
Sep 26, 2016 04:15 pm ET
Avis Budget Group Announces Closing of €300 Million Senior Notes Offering
PARSIPPANY, N.J., Sept. 26, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc, has completed an offering of €300 million aggregate principal amount of 4.125% senior notes due 2024 in a private offering....
Sep 20, 2016 01:12 pm ET
Avis Budget Group Announces Intention to Offer €250 Million of Senior Notes
PARSIPPANY, N.J., Sept. 20, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €250 million aggregate principal amount of senior notes due 2024 (the “Notes”) in a private offering (the “Notes Offering”). The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its domestic subsidiaries....
Sep 20, 2016 10:00 am ET
Avis Budget Group Chief Financial Officer to Present at Deutsche Bank Leveraged Finance Conference on September 27
PARSIPPANY, N.J., Sept. 20, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, today announced that David B. Wyshner, President and Chief Financial Officer, will present at the upcoming Deutsche Bank Leveraged Finance Conference on September 27, 2016 at 11:00 a.m. Eastern time. ...
Sep 19, 2016 10:31 am ET
Learn how to target a 20% return on Netflix, or get option-trade ideas on Supernus Pharmaceuticals, Avis, Intel and UnitedHealth or any stock you choose
CHICAGO, Sept. 19, 2016 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CAR, INTC, NFLX, SUPN, and UNH....
Sep 16, 2016 09:34 am ET
Zipcar and Zagster Launch Zipbike, the First National, Sponsored Bike-Share Program for Universities
Zipbike.jpgBOSTON, Sept. 16, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, and Zagster, the leader in campus bike sharing, today announced their partnership to launch Zipbike, the first national, sponsored bike-share program for universities. Zipbike aims to redefine campus mobility by accelerating access to, and adoption of, bike sharing at colleges and universities across the country. The combination of Zipcar and Zipbike on campuses will reduce congestion and parking demand by providing members access to both on and off campus transportation – all without the...
Sep 15, 2016 06:36 pm ET
Avis Budget Group Set to Join the S&P MidCap 400
NEW YORK, Sept. 15, 2016 /PRNewswire/ -- Avis Budget Group, Inc. (NASD: CAR) will replace Questar Corp. (NYSE:STR) in the S&P MidCap 400 after the close of trading on Friday, September 16. S&P 500 constituent Dominion Resources, Inc. (NYSE:D) is acquiring Questar in a deal expected to be completed soon pending final approvals. ...
Sep 14, 2016 09:00 am ET
Avis Budget Group Agrees to Acquire France Cars
BRACKNELL, United Kingdom, Sept. 14, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, today announced that it has agreed to purchase France Cars, a privately-held vehicle rental company based in France, to significantly expand its presence in the French market. Terms of the transaction were not disclosed....
Sep 14, 2016 07:00 am ET
Zipcar Drives Into Brussels With Its First Free-Floating Car-Sharing Service
Brussels_ZIP.jpgNew service gives members the freedom to pick up and drop off vehicles anywhere in the cityWorld’s leading car-sharing network extends international footprint to seventh market in Europe BRUSSELS, Belgium, Sept. 14, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car-sharing network, today announces the full launch of its new free-floating car-sharing service in Brussels, Belgium. This marks the seventh major country launch for the brand in Europe and the introduction of its most flexible car- sharing service to date....
Sep 08, 2016 07:00 am ET
Zipcar Drives Past Million Member Milestone
BOSTON, Sept. 08, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car-sharing network, today announced that it has exceeded the million member milestone with operations in more than 500 cities and towns in eight countries across the globe. Zipcar’s community of over one million fee-paying “Zipsters” continue to choose Zipcar as their mobility service....
Sep 01, 2016 09:54 am ET
 Zipcar and UC Berkeley Study Finds Significantly Fewer Personal Cars on College and University Campuses
BERKELEY, Calif. and BOSTON, Sept. 01, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, and the University of California, Berkeley’s Transportation Sustainability Research Center (TSRC), today released the findings of a first-of-its kind study of Zipcar car sharing on North American college and university campuses....
Aug 22, 2016 04:15 pm ET
Avis Budget Group Names Arthur Orduna Chief Innovation Officer
PARSIPPANY, N.J., Aug. 22, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that Arthur Orduña has been appointed Chief Innovation Officer, effective August 29, 2016.  In this newly established position, Mr. Orduña will be charged with working cross-functionally to deliver state-of-the-art solutions to keep pace with changing customer expectations and to drive sustained, profitable growth.  Mr. Orduña will report to Avis Budget Group’s Chief Executive Officer, Larry De Shon....
Aug 17, 2016 11:00 am ET
Zipcar and Yakima Partner to Deliver Outdoor Adventure to Urban Dwellers
BOSTON and LAKE OSWEGO, Ore., Aug. 17, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, and Yakima Products, Inc., the innovation leader in vehicle racks and cargo solutions, today announced that the two companies are joining forces to bring Yakima bike, ski and surfboard carriers to Zipcars in North America. This exclusive partnership enables Zipcar members to enjoy their favorite outdoor activities and adventures outside of the city without the cost and hassle of owning a car....
Aug 15, 2016 02:00 pm ET
Avis Budget Group Adds Amex Express Checkout as an Online Payment Option for Car Rental Reservations
PARSIPPANY, N.J., Aug. 15, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group (NASDAQ:CAR) today announced that it is now offering Amex Express Checkout, American Express’ fast and simple way for U.S. Card Members to pay online by using their americanexpress.com account login, for reservations made on Avis.com and Budget.com. Avis Car Rental and Budget Car Rental are the only car rental providers participating in the digital payment platform....
Aug 02, 2016 04:15 pm ET
Avis Budget Group Reports Second Quarter Results
Revenue increased 3% in the second quarter to $2.2 billion.Net income was $36 million, and Adjusted EBITDA was $204 million.Diluted earnings per share were $0.38, and adjusted diluted earnings per share were $0.63.Company increases its 2016 Adjusted EBITDA estimate to $850 to $900 million and adjusted earnings per share to $2.90 to $3.30. PARSIPPANY, N.J., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its second quarter ended June 30, 2016.  For the quarter, the Company reported revenue of $2.2 billion and net income of $36 million, or $...
Jul 27, 2016 02:30 pm ET
Budget Car Rental Offers Tips for an Enjoyable Road Trip
PARSIPPANY, N.J., July 27, 2016 (GLOBE NEWSWIRE) -- With low gas prices in the United States, Budget Car Rental knows you’re ready for your next road trip and has some advice for making that trip extra enjoyable....
Jul 27, 2016 09:40 am ET
Zipcar Enables Prospective Members to Join and Drive in Minutes
BOSTON, July 27, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, today announced the launch of new features that enable prospective members to sign-up, join and drive a vehicle in matter of minutes directly through the Zipcar mobile app. New members who join Zipcar through the mobile app will be verified by matching their valid driver’s license with facial recognition technology or “selfie software.” A near-instant membership approval process will enable the member to unlock a vehicle in minutes using only their smartphone....
Jul 25, 2016 02:00 pm ET
Avis Budget Group Teams Up With TrueCar to Offer Consumers Another Way to Purchase Off-Rental Vehicles
PARSIPPANY, N.J. and SANTA MONICA, Calif., July 25, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) and TrueCar, Inc. (NASDAQ:TRUE) announced the signing of a new partnership agreement. Through this multi-year agreement, those in the market for a used set of wheels can access Avis Budget Group’s inventory of high-quality, well-maintained off-rental vehicles through Truecar.com....
Jul 20, 2016 10:00 am ET
Avis Grants CFAO New License to Offer Leasing Services in Western Africa
PARSIPPANY, N.J., July 20, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that it has signed a new multi-year license agreement with CFAO, a specialized distributor and preferred partner of major international brands. CFAO operates the Avis Car Rental brand in western Africa and now, as part of this agreement, will also offer vehicle leasing to customers under the Avis brand....
Jul 19, 2016 11:00 am ET
Avis Budget Group Adds Digital Payment Option for Car Rental Reservations With MasterPass by MasterCard
PARSIPPANY, N.J., July 19, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group (NASDAQ:CAR) today announced that MasterPass by MasterCard is now a payment option for customers. Travelers can now pay for rentals in advance with a new digital payment option when they make reservations on Avis.com or Budget.com. Avis Car Rental and Budget Car Rental are the first car rental providers participating in the digital payment service....
Jul 13, 2016 11:30 am ET
Avis Budget Group to Announce Second Quarter 2016 Results on August 2
PARSIPPANY, N.J., July 13, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2016 results after the market close on Tuesday, August 2, 2016, and to host a conference call to discuss such results on Wednesday, August 3, 2016 at 8:30 a.m. Eastern time....
Jul 13, 2016 09:53 am ET
Pull Over, Griswolds, Americans Still Love the Great Family Road Trip
BOSTON, July 13, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car-sharing network, today released the findings of its “American Summertime Driving” survey, which found that Americans across the country love family road trips, big cars, backwoods and the breeze in their hair.  ...
Jul 12, 2016 10:00 am ET
Avis Transforms Car Rental To Give Travelers Complete Control Of Their Experience Via Smartphone
PARSIPPANY, N.J., July 12, 2016 /PRNewswire/ -- Beginning today, Avis Car Rental is re-engineering the entire process of renting a car. Through the new Avis Now features of its mobile app, Avis is allowing customers to control every detail of their rental. In the process, Avis is introducing a significant innovation in car rental....
Jun 21, 2016 11:30 am ET
Avis Martinique and Guadeloupe is Avis Licensee of the Year for Latin America and the Caribbean
PARSIPPANY, N.J., June 21, 2016 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that Avis Antilles (Martinique and Guadeloupe) has been named “Licensee of the Year” for Latin America and the Caribbean. The Avis Antilles team received their accolade at the 2016 Avis Licensee Awards for Latin America and the Caribbean at a gala event held in Grand Cayman....
Jun 20, 2016 11:30 am ET
Avis Budget Group to Hire 1,500 Employees on June 22
PARSIPPANY, N.J., June 20, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it intends to hire 1,500 employees during a national day of hiring event on June 22. The Company is looking for energetic, career-minded individuals to fill part-time positions at Avis Car Rental, Budget Car Rental and Payless Car Rental locations across the United States....
Jun 06, 2016 01:55 pm ET
Zipcar to ‘Drive Equality Forward’ this Pride Month
BOSTON, June 06, 2016 (GLOBE NEWSWIRE) -- Zipcar, the world’s leading car sharing network, and GLAAD, an LGBTQ media advocacy organization, are kicking off a new partnership during Pride month to help drive acceptance and equality forward for the LGBTQ community....
May 31, 2016 11:10 am ET
Zipcar to Launch Its First Floating Car-Sharing Service in Brussels
New service will allow members to pick up and drop off vehicles anywhere in the cityWorld’s leading car sharing network to extend international footprint in Europe BRUSSELS, Belgium, May 31, 2016 (GLOBE NEWSWIRE) --  Zipcar, the world’s leading car-sharing network, today announced its intention to launch a new floating car-sharing service in Brussels. This will mark the seventh major country launch for the brand in Europe and the introduction of its most flexible car-sharing service to date....
May 26, 2016 10:00 am ET
Avis Budget Group Chief Financial Officer to Present at Goldman Sachs Leisure Conference on June 6
PARSIPPANY, N.J., May 26, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading global provider of vehicle rental services, today announced that David B. Wyshner, President and Chief Financial Officer, will present at the upcoming Goldman Sachs Leisure Conference on Monday, June 6, 2016 at 8:30 a.m. Eastern time....
May 25, 2016 11:00 am ET
Make the Most of Your Summer Road Trip With Budget Car Rental
PARSIPPANY, N.J., May 25, 2016 (GLOBE NEWSWIRE) -- With Memorial Day weekend just around the corner, many American families will be taking to the roads. In fact, according to the Associated Press, “2016 is shaping up to be the summer of the road trip.” Let Budget Car Rental help you make the most of the season when you hit the road....
May 23, 2016 09:30 am ET
Avis Budget Group Extends Corporate Term Loan Facility
PARSIPPANY, N.J., May 23, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it has extended the maturity date for $825 million of its $970 million of existing corporate term loan borrowings by three years, from March 2019 to March 2022. ...
May 10, 2016 11:00 am ET
Avis Budget Group Chief Executive Officer to Present at Barclays Americas Select Conference on May 17
PARSIPPANY, N.J., May 10, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading provider of vehicle rental services, today announced that Larry De Shon, Chief Executive Officer, and Mark J. Servodidio, President, International, will present at the upcoming Barclays Americas Select Conference on Tuesday, May 17, 2016 at 9:20 a.m. Eastern time....
May 03, 2016 04:15 pm ET
Avis Budget Group Reports First Quarter Results
Revenue increased 2% in the first quarter to $1.9 billion and grew 3% in constant currency.Adjusted EBITDA was $44 million.Adjusted diluted loss per share was $0.28, and GAAP diluted loss per share was $0.53.Company reaffirms its 2016 Adjusted EBITDA and earnings per share estimates. PARSIPPANY, N.J., May 03, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its first quarter ended March 31, 2016.  For the quarter, the Company reported revenue of $1.9 billion and Adjusted EBITDA of $44 million.  The Company reported an adjusted net loss of $27 millio...
Apr 28, 2016 02:30 pm ET
Avis Budget Group Named One of America’s Top Organizations for Multicultural Business Opportunities
Parsippany, N.J., April 28, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) has been selected as one of “America’s Top 50 Organizations for Multicultural Business Opportunities for 2016.”...
Feb 26, 2016 09:31 am ET
Covered Call Alerts For Disney, Cisco Systems, Target, JC Penney and Avis Released By InvestorsObserver
CHICAGO, Feb. 26, 2016 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DIS, CSCO, TGT, JCP and CAR....